Lanehub is a cloud-based platform that encourages shipper-carrier collaboration by automatically identifying and connecting companies that have complementary freight lanes to save on shipping expenses. The software focuses on matching recurring freight lanes consistently, helping companies reduce transportation costs, increase fleet revenue, and improve overall carrier service and performance, the companies said. Lanehub's network includes more than 150 shippers, 250 carriers, 180,000 lanes, and more than $23 billion in truckload spend, the companies also said.

"The strategic acquisition of Lanehub reinforces our mission to offer our customers the most advanced technologies, giving them a competitive advantage in the marketplace," Frank McGuigan, Transplace COO, said in a statement. "Lanehub's customer base and experience in the consumer-packaged goods, food, retail, manufacturing, and automotive industries are highly complementary to our business. By joining our software solutions, we can create incredible opportunities to connect and convert traditional one-way moves into more collaborative round trips, significantly reducing empty miles and poor asset utilization. Unifying our teams and technologies is a win for all involved."

We could all use some positive news and thankfully we have some for you: Many signs are showing that the freight markets are starting to recover.
As we mentioned last week, April was one of the worst months for freight activity in over 26 years. But in looking at the data for May, we are starting to see a much...